1Z0-1054-21 Exam Dumps – Our Features

How can your Accounting Manager expedite journal processing during the time-critical month-end close?

• by creating an ad hoc query on journals using Oracle Transactional Business Intelligence (OTBI)
• by running the Journals report using Business Intelligence Publisher
• by using the Journals region to view journals Requiring Attention, RequiringApproval, and Pending Approval from Other
• by using the Close Status monitor to drill down on the close status across ledgers

You are defining intercompany balancing rules that are applied to a specific source andcategory, such as payable and invoices, or a specific intercompany transaction type, such as Intercompany Sales. Which two statements are correct? (Choose two.)

• You can create a rule for all sources and categories by selecting the source “Other” and the category “Other”.
• If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.
• You must define rules for every combination of specific categories and sources. Otherwise, the intercompany balancing will not work.
• Set up a chart of accounts rule for every chart of accounts structure you have in order to ensure that Intercompany Balancing will always find a rule to use to generate balancing accounts.

You are defining an income statementreport using Financial Reporting Studio. Users of the report need to be able to analyze the balances directly from the report. What should you enable to allow this?

• Nothing. All report are drillable
• Drill Through in Grid Properties
• Drill Down in Report Functions
• Allow Expansion in Report Functions

Your enterprise structure has one ledger and two businessunits. Business unit one wants to enable budgetary control for Requisitioning only on Procure-to-Pay Business Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions. Which two statements are correct? (Choose two.)

• While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing
• While defining control for business unit one, enable control at purchasing and definethe exceptions to only include requisitioning
• Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit
• While defining control for business unit one, disable control for Purchasing, Payable Invoicing, and Receiving
• Define budgetary control at ledger level and only encumbrance control at the business units
• Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving

Account combinations can be created and/or modified using the Import Account Combinations file-based data import (FBDI). Which represents the appropriate upload steps?

• Submit the Import Account Combinations process, then insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template.
• Insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.
• Insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.
• Submit the Import Account Combinations process, then insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template.

Your Financial Analyst needs to interactively analyze General Ledger balances with the ability to drill down to originating transactions. Which three features facilitate this? (Choose three.)

• Sunburst reports
• Online Transactional Business Intelligence
• Account Inspector
• Account Monitor
• Smart View

Your customer has a large number of legal entities. The legal entity values are defined in the company segment which representsthe primary balancing segment. They want to easily create eliminating entries for their intercompany activity. What would you recommend?

• Define an intercompany segment in the chart of accounts. The Intercompany module and the Intercompany balancing feature in general ledger and subledger accounting will automatically populate the intercompany segment which the balancing segment value of the legal entity with which you are trading
• There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the intercompany rules to define
• Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment
• There is no need to define an intercompany segment. You can track the intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner

You have a requirement for the Intercompany Provider and Receiver distribution accounts to be created automatically for all intercompany transactions. What should you configure?

• a Provider and Receiver distribution set
• Intercompany transaction type default accounts
• the AutoAccounting Definition
• the Transaction Account Definition

The Delete Translated Balances process provides the ability to completely reset translations in the event that significant changes are made to the accounting configuration. Once the deletionprocess completes, what additional process must you run?

• Submit the Update General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.
• Submit the Create General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.
• Submit the Create Currency Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.
• Submit the Create Scenario Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.

During implementation, a consultant accidentally designated the cost center segment as the natural account. Values have already been assigned and journals have been posted. Select the process that allows you to change the qualifier back to cost center qualifier.

• Create a new chart of accounts.
• Deletethe segment and create a new segment with the correct qualifier.
• Change and save the segment qualifier.
• Delete the chart of accounts and create a new one.